Pittsburgh, PA (PRWEB) October 24, 2012
The Pittsburgh-based Good Wheels Credit used vehicle dealership, in operation for over 20 years, has released an infographic illustrating the advantages of owning a car and the opportunities that Buy Here Pay Here loan programs afford car owners.
Buy Here Pay Here is a plan used by a number of preowned car dealerships in Pittsburgh and the surrounding areas in order to offer financing to those who would not qualify under normal financing plans. Instead of customers first choosing a car and then negotiating a payment plan based on its price, a Buy Here Pay Here plan uses an inverse process. First the financial status of a person is analyzed and a repayment plan is set, then the customer is shown cars within the predetermined budget. Under these plans, down payments may not be required, although they may help to lower later payments.
For those participating in the Buy Here Pay Here program, every payment that Good Wheels receives is reported to two of the nation’s three major credit bureaus. Because paying monthly loan installments on time is a recognized method of rebuilding credit, this allows customers with poor credit to slowly set themselves in better standing as they work toward paying off their cars.
In addition to giving a few statistics on used car purchasing behavior, the infographic points out that there are a number of advantages to owning a personal vehicle. For instance, in many areas of the United States, public transportation systems are inadequate to meet the demands of individuals who need to commute to work, particularly if they live in the suburbs. For some occupations, being sent to different offices or locations is a major portion of the job. Personal cars allow them to transport themselves around the area without having to calculate for bus times, fare rates, and transfers.
Finally the infographic indicates that Buy Here Pay Here dealers are more flexible with trade-in vehicles. Due to the diverse needs of the clientele, these dealerships are more able to sell older cars as long as they are still in proper working order. This enables dealers to accept vehicles that dealerships without Buy Here Pay Here loan programs may refuse.
The Good Wheels infographic is viewable from the site’s media page: http://www.goodwheelscredit.com/why-goodwheels/media
Good Wheels Credit is a used car and vehicle franchise that operates in Western Pennsylvania, Eastern Ohio, and West Virginia. They offer preowned vehicle buyers a number of financing options, including several designed to suit those with a poor credit score.